{"id":1453,"date":"2014-02-12T00:15:46","date_gmt":"2014-02-12T08:15:46","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=1453"},"modified":"2014-02-12T10:05:36","modified_gmt":"2014-02-12T18:05:36","slug":"3-overlooked-things-to-consider-before-quitting-your-day-job","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/3-overlooked-things-to-consider-before-quitting-your-day-job\/","title":{"rendered":"3 Overlooked Things to Consider Before Quitting Your Day Job"},"content":{"rendered":"

\"quitting<\/a>Moving from a boring, unfulfilling day job to working for yourself is an awesome and satisfying experience. However, there\u2019s so much more to consider than just the financials when you\u2019re thinking of making the switch. (Although being in a good spot financially is a MUST.)<\/p>\n

Now that I\u2019m in my fourth month of working for myself I feel like I have a better perspective on some aspects of self-employment that I once didn\u2019t consider. Here are three factors that may have crossed my mind at some point but that I didn\u2019t weigh heavily enough.<\/p>\n

 <\/p>\n

Work Ahead \u2013 There Are No Sick Days<\/h3>\n

Last week was kind of a whirlwind for me. We got hit with a major snow and ice storm. There was no possible way I could\u2019ve taken my girls to the babysitter for a few hours like I normally do. This meant my only uninterrupted work was when the girls were asleep. To top off working with a three and five year old by my side my brother\u2019s wife went into labor meaning my nephew was coming to stay with me.<\/p>\n

I ended up keeping my six year old nephew from Tuesday through Thursday. While the kids were pretty well behaved the majority of the time, they still made working a hard thing to do.<\/p>\n

Then on Saturday I started feeling rough \u2013 really rough<\/i>. Saturday, Sunday, and Monday were spent in bed. Tuesday I started to feel more like my normal self so I took the girls to the babysitter for a few hours and started to catchup on my work.<\/p>\n

I try to do the majority of my work ahead of time and now I\u2019m so glad I do. Those three days down would have screwed me if I\u2019d waited last minute to get my assignments done.<\/p>\n

If you\u2019re self-employed and get sick you might not be able to take a break to recoup \u2013 especially when you have several clients. Sure, a few clients are awesome and would totally understand, but then there are others who expect you have your work in on time, all the time \u2013 no exceptions. \u00a0This is a big change from side hustling<\/a>, where you still have your day job.<\/p>\n

 <\/p>\n

You Have to Stick to Your Guns<\/h3>\n

Before I quit my day job I\u2019d take just about any freelance job that fit my skillset. I wanted to gain experience and I wanted my monthly income number to be as high as possible. Therefore, I\u2019d stay up all hours of the night writing tons of articles for a client who paid me well below my asking rate.<\/p>\n

However, since this particular client supplied me with a lot of work I thought that accepting a price a lot lower than I normally would was a good idea. Boy I was wrong.<\/i> He completely tore apart a lot of articles I wrote for him. And, it blew me away.<\/p>\n

What I\u2019ve come to find out is that every time I negotiate my rates I end up with a client who wants more and more for less and less.<\/b><\/p>\n

This is something that you\u2019ll probably have to figure out on your own. My advice would be figure out who your really good clients are, and drop the rest. Even though I now have less clients than I did before my income is slowly growing and I\u2019m faced with less stress.<\/p>\n

 <\/p>\n

You Shouldn\u2019t Compare Your Success to Someone Else\u2019s<\/h3>\n

I am still early on in my self-employment journey<\/a>, although I have been growing my business for more than a year.<\/p>\n

What started out as a hobby to me is now my primary source of income. I am not getting rich by any means but I am slowly seeing my income grow. Compared to others my income looks like pocket change \u2013 but this is all relative.<\/p>\n

I live in a low cost area and I have consistently brought in the same amount of money or more than I was previously earning at my job as an insurance agent. That\u2019s huge.<\/i><\/p>\n

When you compare your progress to someone else \u2013 it\u2019s not apples to apples. Your business models are at least slightly different, your level of experience is different, your cost of living is different, and your time in the game is different.<\/p>\n

When you look at income reports from others it\u2019s easy to feel envious, but you shouldn\u2019t. Let those income reports show you that the level of income you\u2019re after is achievable and use it as motivation and nothing else.<\/p>\n

Look at your progress. That should be how you rate your success.<\/p>\n

 <\/p>\n

Final Thoughts<\/h3>\n

Working from home is great. I\u2019ve wrote before that there are cons of self-employment but for me there are far more cons to working in a job I don\u2019t like.<\/p>\n

Also, I just want to say that I find nothing wrong with working at a day job. There are tons of people who love their day jobs and, that\u2019s great.<\/p>\n

Working for yourself can be stressful at times but it\u2019s also rewarding. If you\u2019re thinking of making the switch set a date and start preparing! You\u2019ll learn what you need to tweak as you go.<\/p>\n","protected":false},"excerpt":{"rendered":"

Moving from a boring, unfulfilling day job to working for yourself is an awesome and satisfying experience. However, there\u2019s so much more to consider than just the financials when you\u2019re thinking of making the switch. (Although being in a good spot financially is a MUST.) Now that I\u2019m in my fourth month of working for […]<\/p>\n","protected":false},"author":4,"featured_media":1454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[13],"tags":[262,263,108],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1453"}],"collection":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/comments?post=1453"}],"version-history":[{"count":0,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/posts\/1453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media\/1454"}],"wp:attachment":[{"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/media?parent=1453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/categories?post=1453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cultofmoney.com\/wp-json\/wp\/v2\/tags?post=1453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}